A Broken Promise: Agency-Based Voter Registration in New York City
Executive Summary Voter registration is the number one barrier to the vote. An estimated 51 million eligible citizens,...
Voter registration is the number one barrier to the vote. An estimated 51 million eligible citizens, more than 24 percent of the electorate, could not cast a ballot on Election Day in the 2012 presidential election solely because they had not been registered. Registration and voting rates are particularly low for families with annual incomes below $20,000, voters of color, naturalized citizens, and those with limited English proficiency. Civic engagement levels are even worse in New York State. Fewer New Yorkers registered to vote and cast a ballot in the November 2012 general election than the national average.
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One proven method of increasing voter participation, particularly among underrepresented citizens, is voter registration at public agencies (“agency-based registration”). Well-administered voter registration programs established at public assistance agencies pursuant to federal law have helped register 15 to 20 percent of agency applicants. In 2000, New York City sought to expand voter registration opportunities at municipal agencies by enacting Local Law 29 (“the Pro-Voter Law”), which required 18 city agencies and, under certain circumstances, their associated subcontractors, to offer voter registration forms to all persons submitting applications, renewals, or recertification for agency services, or notifying the agency of a change of address. The law included each of the City’s 59 community boards as well. The last and only evaluation of the Pro-Voter Law, undertaken by the New York City Council over a decade ago, found that agencies were failing to offer voter registration.
In 2014, the Center for Popular Democracy, Brennan Center for Justice at NYU School of Law, Citizens Union of the City of New York, and the New York Public Interest Research Group formed the Pro-Voter Law Coalition and launched a new initiative to assess the agencies’ compliance with the law and opportunities to enhance the law’s impact. The Pro-Voter Law Coalition submitted Freedom of Information Law (FOIL) requests to each of the 18 city agencies; met with the Voter Assistance Advisory Committee at the New York City Campaign Finance Board; and, along with the Asian American Legal Defense and Education Fund and Make the Road New York, launched field investigations at 14 city offices subject to the Pro-Voter Law to measure their compliance with the law.
The FOIL responses and field investigations revealed widespread agency failure to implement the Pro-Voter Law. Specifically, they found:
Inconsistent adherence. Documents provided by the 12 agencies that responded to FOIL requests indicated scattered and inconsistent attention to the Pro-Voter Law; Noncompliance in a majority of interactions. In 84 percent of client interactions, agency officials failed to comply with the Pro-Voter Law’s requirement to offer voter registration application forms; Failure to provide language access. Agency failures extended to bilingual voter registration mandates. Specifically, only 40 percent, or 2 out of 5 agency clients whose primary language was not English were given translated voter registration applications; and No training of agency staff. All 11 of the agency employees who responded to training inquiries admitted that no agency staff receive regular training on voter registration procedures.These findings are particularly significant given that over 30 percent, or 18 of 59 citizen clients interviewed at the agencies required to comply with the Pro-Voter Law’s mandates reported they were not registered to vote.
Agency failure to comply with the Pro-Voter Law marks a lost opportunity to increase New York City voter registration rates and, by extension, voter participation in the city. Expanding opportunities for New Yorkers to register to vote at municipal agencies will require a concerted commitment by the Mayor, City Council, and municipal agency heads. The Pro-Voter Law Coalition is joined by the Asian American Legal Defense and Education Fund, the League of Women Voters of the City of New York, Common Cause New York, and Make the Road New York in issuing the following 12 recommendations to help ensure that every eligible city resident is registered to vote when interacting with city agencies subject to the Pro-Voter Law.
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New York Fed Names John Williams President, Bucking Calls for Diversity
New York Fed Names John Williams President, Bucking Calls for Diversity
Progressive groups seized on Mr. Dudley’s retirement as a rare opportunity to influence an economic policy appointment...
Progressive groups seized on Mr. Dudley’s retirement as a rare opportunity to influence an economic policy appointment that is outside Mr. Trump’s control. Protesters marched on the bank’s Lower Manhattan headquarters last month to demand a president who would represent working people. In a statement Tuesday, the Fed Up campaign, a progressive group, criticized the New York Fed’s board for “ignoring the demands of the public and choosing yet another white man whose record on Wall Street regulation and full employment raises serious questions.” The group said the search process “calls into question whether the Federal Reserve can be trusted to act in the public interest.
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‘Our Town’ benefit raises $500,000 for Puerto Rico
A SUPERHERO EFFORT on Monday night at the Fox Theatre raised more than $500,000 for hurricane relief in Puerto Rico....
A SUPERHERO EFFORT on Monday night at the Fox Theatre raised more than $500,000 for hurricane relief in Puerto Rico.
The event: a starry staged reading of Thornton Wilder’s great American play Our Town, organized by actor Scarlett Johansson and directed by True Colors Theatre’s Kenny Leon.
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Clinton Wants Bankers Off Regional Fed Boards
Democratic presidential candidate Hillary Clinton joined the fray Thursday in the debate over how the nation’s central...
Democratic presidential candidate Hillary Clinton joined the fray Thursday in the debate over how the nation’s central bank operates, saying banking industry insiders need to be removed from the Federal Reserve System.
Mrs. Clinton’s campaign said, if elected, she would appoint officials who will carry out “unwavering oversight” of the financial sector and “defend” both sides of the central bank’s inflation and employment mandates. The campaign also said “commonsense reforms—like getting bankers off the boards of regional Federal Reserve banks—are long overdue.”
Mrs. Clinton’s comments on central bank changes appeared to be her first on the topic in a campaign season where the Fed has intermittently been an issue, albeit mostly on the Republican side. Mrs. Clinton’s views emerged on a day in which dozens of Democratic congressional members, led by Sen. Elizabeth Warren of Massachusetts and Rep. John Conyers Jr. of Michigan, criticized the central bank for a leadership largely made up of white males with business and finance backgrounds.
While the Fed is led by its first-ever woman chief, all of its governors are white and three of the five are men. Of the 12 regional bank presidents, none are black and 10 are men. The last African-American to serve in a key leadership role left in 2006.
The letter to Ms. Yellen, referencing a recent study by the left-leaning Center for Popular Democracy’s Fed Up Coalition, also flagged a lack of diversity among the boards of directors that oversee the regional Fed banks. The letter said a Fed that doesn’t look like the nation it works for will struggle to make policy that benefits an increasingly diverse nation. Regional Fed board members are drawn from the private sector to watch over institutions that are quasi-private. By law, the boards are supposed to represent their broader communities with three classes of directors reserved for differing interests, including the financial sector, in a process set out by a complicated set of rules. These boards oversee regional Fed bank operations, provide local economic insights and help select new bank presidents.
But the presence of bankers on the boards, representing firms regulated by the Fed, has been a sore spot for Fed critics. Over the years, the New York Fed faced notable controversies on this front.
Recent legal changes have removed financial-market participants from the process of selecting new bank presidents. Also, the Fed’s regulatory operations are managed in Washington even as they operate out of regional banks, and are insulated from the influence of the regional boards. Most regional Fed boards are spoken of in glowing terms by their respective bank presidents.
Financial-market professionals are well represented among Fed leaders. Most top central bankers are either economists by training or former bankers. The leaders of the New York, Minneapolis, Dallas and Philadelphia Fed banks all have worked in some capacity for investment bank Goldman Sachs. Current Fed Vice Chairman Stanley Fischer was vice chairman of Citigroup from 2002 to 2005.
Mrs. Clinton’s desire to remove financial-sector leaders from the regional Fed boards would mark a historic change for a central bank that was founded on the mission of promoting financial stability, and whose monetary policy actions work through private financial-market channels to affect the performance of the broader economy.
In response to the congressional letter, the Fed said in a statement that when it comes to the members of the regional boards, “by law, we consider the interests of agriculture, commerce, industry, services, labor, and consumers. We also are aiming to increase ethnic and gender diversity.“ It also said there has been a rise in both racial and gender diversity on the regional Fed boards, with 46% of all directors now meeting the label of “diverse.”
A recent overhaul proposal by former top Fed staffer Andrew Levin, now a professor at Dartmouth College, called for the regional Fed banks to be made fully public, ending their private ownership structure operating within the Fed board, which is explicitly part of the government. Mr. Levin also called for directors representing firms regulated by the central bank to be removed.
By MICHAEL S. DERBY
Source
For big banks, breaking the rules is a trade secret
There has been plenty of murmuring about shoddy sales practices at major banks beyond Wells Fargo. Front-line...
There has been plenty of murmuring about shoddy sales practices at major banks beyond Wells Fargo. Front-line salespeople with the Committee for Better Banks coalition have said for years that high-pressure sales tactics were the industry standard. A 2015 study of bank workers from the Center for Popular Democracy reached the same conclusion. Isolated enforcement actions and allegations against banks like TCF Financial, Citizens Financial Group, Santander and TD Bank highlight deceitful strategies to hit sales targets.
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Critics of Fed on Left and Right Prepare to Head to Jackson Hole
At least two groups—one on the right and one from the left—are expected to show up in some fashion to press the Fed to...
At least two groups—one on the right and one from the left—are expected to show up in some fashion to press the Fed to change its policies.
The conference, Aug. 27-29, will draw Fed officials, foreign central bankers, academic economists, reporters and others to talk about inflation and monetary policy in view of Grand Teton mountain range.
Just a short-drive away from the conference, the conservative American Principles Project has scheduled another conference to discuss how the group believes the Fed has failed to defend the dollar and promote prosperity. This gathering is titled, “Central Banks: The Problem or the Solution?”
Liberal-leaning activists from the Fed Up Coalition–representing unions, community activists and policy advocates–are also expected to gather in Jackson Hole, much as they did last year, to urge the Fed to change its structure to become more open and democratic.
The group opposes raising short-term interest rates from near zero now. The members want the Fed to maintain its ultra-easy policy to spur the economy and lift more of the nation’s workers out of troubled economic conditions. Members of the group have been meeting with Fed officials lately to voice their concerns.
The Kansas City Fed conference in Jackson Hole gives central bank officials a chance to socialize, hike, debate major issues facing the global economy and occasionally make major policy speeches. Attendance is strictly by invitation-only.
APP monetary-policy director Steven Lonegan said the aim of his event is to refocus the Fed on defending the dollar. “We are really challenging the Fed toe to toe on their own turf” by coming to Jackson Hole, he said.
The broader mission of the conference, Mr. Lonegan said, was to engage the nation’s political candidates to speak about the Fed. He said all known candidates have been asked to appear at the event, although none have so far accepted.
The APP event includes representatives from the Heritage Foundation, economists, Fox Business Network personality John Stossel, and a member of the British Parliament, according to the conference program.
Source: Wall Street Journal
Obscure Fed Tool Used to Hammer Yellen for Enriching Banks
Source:...
Source: Bloomberg Business
A tool Congress gave the Federal Reserve to control interest rates has become a hammer for lawmakers to bash the central bank.
Fed Chair Janet Yellen withstood bipartisan criticism at a congressional hearing on Wednesday over the policy of paying the largest financial institutions to keep more funds than required on deposit at the central bank. The Fed doled out $1.7 billion in interest on excess reserves -- known as IOER for short -- to banks in the third quarter.
Congress, which gave the Fed authority in 2008 to pay interest on excess reserves, may be having second thoughts. While the tool helps the Fed raise its benchmark interest rate and simultaneously maintain a $4.5 trillion balance sheet that policy makers say supports the economy, several lawmakers complained to Yellen that IOER is enriching Wall Street.
California Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, labeled the IOER payments a “massive transfer of wealth from the Federal Reserve to private-sector banks.” Committee Chairman Jeb Hensarling, a Texas Republican, called it a “subsidy.”
In a election year, Yellen was grilled on campaign issues ranging from income inequality to high rates of minority unemployment. Candidates such as Senator Bernie Sanders, a socialist from Vermont who won the New Hampshire Democratic primary Tuesday, are finding that Wall Street-bashing resonates with voters struggling with slow wage increases.
The Center for Popular Democracy, part of a coalition known as Fed Up, said it met with Waters in September and discussed why paying banks interest on excess reserves is troublesome.
‘Anti-Consumer’
“It was a tool that was given to the Fed without ever envisioning an environment of multi-trillion dollar excess reserves,” said Jordan Haedtler, campaign manager for the group. “It’s a pretty crude, anti-consumer tool that rewards big banks.”
Yellen defended the tool, noting that the flip side of the excess reserves are the Fed’s large asset holdings, which generated many more billions of dollars in remittances to the Treasury. She also warned that extinguishing reserves through asset sales could cause more volatility in financial markets and hurt growth.
“The Federal Reserve has transferred, since 2008 through 2015, roughly $615 billion back to Congress, to the taxpayers, to the Treasury, funds that have contributed importantly to financing the government,” Yellen said.
The Fed created hundreds of billions of excess reserves in the financial crisis as it began to rescue financial institutions such as Bear Stearns Cos. and conduct quantitative easing through direct bond purchases.
Normally, banks would try to dump some of the $2.3 trillion in excess reserves they now hold into overnight lending markets to try earning a return. That would swamp attempts by the Fed to control the federal funds rate and make raising rates difficult.
Bullard’s Warning
By paying a rate above its target rate for federal funds, the Fed can keep those funds out of the market and exert more control over its policy rate. To mop up other excess cash coming from sources other than commercial banks, the Fed uses another tool called reverse repurchase agreements where it uses securities as collateral for short-term loans of cash, thus removing it from the money markets.
The political liability of paying large sums of interest to private banks hasn’t been lost on Fed officials. St. Louis Fed President James Bullard said in August that the strategy would benefit from bipartisan support.
“It’s going to mean fairly large payments to the largest banks in the U.S. and to some foreign banks,” Bullard said in an August interview with Wharton Business Radio’s ”Behind the Markets” program on Sirius XM Radio. “If Congress is not comfortable with that, they should definitely tell us right now.”
Addressing Yellen during the hearing, Waters said, "It looks like we’re about to have some bipartisan concern on this issue."
The Fed chief responded, "I hear that."
Total spending on Colorado campaigns initiatives nears $48 million so far
Total spending on Colorado campaigns initiatives nears $48 million so far
More than $3 million in contributions aided the slate of statewide initiatives in the final campaign finance reporting...
More than $3 million in contributions aided the slate of statewide initiatives in the final campaign finance reporting period before next Tuesday’s election, with more than $1 million in last-minute money bolstering the effort to increase Colorado’s minimum wage.
The two proposals to create a presidential primary and allow unaffiliated voters to participate in primaries also got a healthy infusion of cash, as did the measure that would make it harder to amend the state constitution.
The late flow of contributions pushed the total raised for Colorado’s ballot initiatives to nearly $48 million.
The effort concerning primary elections, spearheaded by Let Colorado Vote, the issue committee funding the campaigns for both Proposition 107 and 108, brought in more than $600,000.
Most of that came from Kent Thiry, who personally gave $300,000, and DaVita Health Care Partners, the company he heads, which pitched in $100,000. Thiry has given nearly $1.4 million of about $4 million that has gone toward those initiatives. Noble Energy joined the effort with a $200,000 contribution.
2016 COLORADO BALLOT MEASURES
Amendment 69: ColoradoCare
Amendment 70: Minimum Wage
Amendment 71: Constitutional changes
Amendment 72: Cigarette taxes
Proposition 106: Aid-in-dying
Proposition 107: Presidential primaries
Proposition 108: Unaffiliated voters
Amendment T: Slavery reference
Amendment U: Property taxes
Ballot Issue 4B: Arts funding
Organized opposition to the propositions has been sparse, with Citizens for Integrity reporting only a total of about $51,000 in non-monetary contributions for the campaign.
More than a half-million dollars rolled into the Raise the Bar campaign supporting Amendment 71, which would make it tougher to get citizen initiatives onto the statewide ballot and require more than a simple majority to pass them.
All but a small slice of that came from energy interests, who put in just shy of $500,000 in this reporting period through Protecting Colorado’s Environment, Economy and Energy Independence, which has given more than $2.8 million over the course of the campaign. After initially anticipating a fight against anti-fracking initiatives that ultimately didn’t make the ballot, Protecting Colorado shifted its resources to Amendment 71, which could make it even more difficult for anti-fracking forces to put measures before voters.
Opposition from the Colorado League of Responsible Voters has pumped nearly $840,000 into a campaign against the measure, including $500,000 from the National Education Association and a $100,000 contribution from the River Habitat Preservation Coalition.
A surge in cash donations supported Amendment 70, which would establish a new minimum wage in Colorado. It received much of the more than $1 million in contributions from unions and other organizations that have been supporting minimum wage increases on ballots around the country.
The Colorado campaign now totals nearly $5 million.
The Center for Popular Democracy Action Fund, based in New York, pitched in $400,000 to push its total for the campaign over $1 million; the National Education Association and Washington-based Service Employees International Union political action committee gave a series of six-figure contributions.
Opponents, who have raised about $1.7 million, brought in $154,920 on the strength of a handful of five-figure donations, including $50,000 from Greenwood Village-based Colorado Citizens Protecting Our Constitution.
Opposition to Amendment 72, the increased tax on tobacco products, has been funded by more than $16 million from Virginia-based tobacco giant Altria, but reported no additional cash contributions — though that campaign remains by far the most well-funded effort among all statewide ballot measures.
The Campaign for a Healthy Colorado, which has backed the tax that would fund a variety of health-related programs and seek to reduce smoking among young people, added nearly $150,000 — most from health-related entities. It also benefited from a $10,000 donation from Colorado Rockies owner Charlie Monfort.
Contributions to the medical aid-in-dying measure, Proposition 106, appeared to be winding down, though it remained a distant second in fundraising to the tobacco tax with about $8 million raised from both sides.
Supporters of the initiative added a little more than $73,000 to their $5.4 million total, with $50,000 of that coming from Aspen’s Adam Lewis, son of the late Progressive insurance chairman Peter Lewis. Opponents, whose $2.6 million in total contributions has been fueled largely by faith-based organizations led by the Catholic church, added about $255,000. The largest contribution came from Washington, D.C.-based The Catholic Association.
The battle over ColoradoCare, the proposed state-run health care option, also calmed on the campaign finance front, with both sides adding relatively modest five-figure contributions. Opponents of the system have raised more than $4 million while those advancing the initiative have raised less than a half-million dollars.
By The Denver Post
Source
The High Cost of Policing
To the Editor: “Crime Is Falling, but Police Levels Remain Robust” (news article, Jan. 8) raises important questions...
To the Editor:
“Crime Is Falling, but Police Levels Remain Robust” (news article, Jan. 8) raises important questions about the need to keep expanding police forces as crime falls. The United States spends a staggering $100 billion on policing a year. It also comes with serious trade-offs for municipalities short of cash.
Read the full letter here.
Janet Yellen’s Future at the Fed Unresolved Heading Into Jackson Hole
Janet Yellen’s Future at the Fed Unresolved Heading Into Jackson Hole
The prospect of a second term for Federal Reserve Chairwoman Janet Yellen won't be on the agenda at the central bank's...
The prospect of a second term for Federal Reserve Chairwoman Janet Yellen won't be on the agenda at the central bank's annual retreat this week at Grand Teton National Park, but the question of whether she could be asked to stay on -- and whether she would accept -- will be hanging over the confab.
Read the full article here.
4 days ago
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